Market Watch August 20th 2016

Dated: 08/20/2016

Views: 192


This Weekin Review

 

The economic calendar finished the week on a quiet note as no data releases were scheduled for Friday. The markets continue their ‘choppy’ trading patterns as we wait for a bigger headline to possibly cause a breakout of the recent range of ~1.48-1.62% on the 10yr. One thing is for sure, the market cannot continue to contract and trade this tight of a range for much longer without a bigger move on the horizon. The technicals suggest that the ‘coiling’ patterns of late are ready to unwind, it’s just a matter now of which way. 

For now, we still suggest taking advantage of current interest rates until we get some better insight as to where we are headed in the short-term. As we look ahead to next week, the market will primarily focus on the Fed’s Jackson Hole Symposium to look for any more details as to what the Fed is scheming for the months ahead. We also have some top tier data points with New and Existing Home Sales, Durable Goods Orders, and Real GDP.

 

Upcoming Market DataMonday - August 22
 
Chicago Fed National Activity Index
 
Tuesday - August 23
 
New Home Sales
 
Wednesday - August 24
 
MBA Mortgage Applications
•  FHFA House Price Index
•  Existing Home Sales
 
Thursday - August 125
 
Monetary Policy Symposium
Durable Goods Orders
Jobless Claims
Bloomberg Consumer Comfort Index
 
Friday - August 26
 
Monetary Policy Symposium
GDP
International Trade in Goods
Consumer Sentiment
 
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CALL TODAY TO DISCUSS THIS WEEK'S MARKET TRENDS.
 
 
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